Telecommunications: Finance
(asked on 23rd November 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to paragraph 3.20 of the Autumn Statement 2016, how much of the proposed £1 billion to be invested in digital communications will be spent in each region.
This question was answered on 1st December 2016
The Autumn Statement 2016 announced over £1 billion to be invested in digital communications. This includes £400 million for a new Digital Infrastructure Investment Fund, with investment decisions to be made by an independent fund manager on a commercial basis. Details about how local areas can access funding for 5G trials and local fibre rollout will be set out in due course.